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Informist, Thursday, Sept. 10, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Market likely to fall as crude oil nears $102/bbl

 

MUMBAI--0821 IS--Benchmark equity indices are likely to fall as crude oil prices rose to their highest level since July amid an escalation in the West Asia conflict. Brent crude prices rose to nearly $102 per barrel after attacks by the US and Iran on shipping in the region heightened concerns over energy supplies. Asian markets opened lower Thursday, while US indices ended lower Wednesday. 

 

"Brent Crude prices touched the $100 mark again, leading to negative sentiment among equity investors," Vipin Kumar, senior technical and derivatives analyst at Globe Capital Market, said. The Nifty 50 is expected to fall toward the 23000–23200 levels, where buying pressure may emerge and potentially trigger a recovery. However, around 23600–23650 levels, the index is likely to see selling pressure, according to Kumar. 

 

Iran and the US launched attacks on each other. The US targeted Iranian oil carriers after Tehran fired missiles at US warships. Following a series of missile attacks, Iran said it stood ready for an intensified conflict, Reuters reported. At 0724 IST, November Brent crude futures were at $101.64 per barrel, up 0.4%. Brent crude prices hit a high of $101.94, the highest level since July.

 

Crude oil prices above $100 per barrel are negative for the market in the short to medium term, an equity analyst with a domestic brokerage said. On the earnings front, the impact in the September quarter might not be significant, and the momentum seen in the June quarter is expected to continue, the analyst said. This is because companies successfully passed on higher costs in the previous quarter and are expected to do the same this quarter.  (Adhithya Aji)

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Equity Alert: US indices end lower for third day as oil prices rise

 

MUMBAI--0740 IST--Major US equity indices closed lower as crude oil prices continued to climb amid tensions between the US and Iran. The November Brent crude futures contract settled above $101 per barrel on Wednesday. US Treasury yields also rose after the Treasury Department said it would triple the size of its buyback operation. The Dow Jones Industrial Average was the worst hit among the major US indices, closing nearly 1% lower.     

 

The yield on the US 10-year treasury note was up 4 basis points at 4.845%, and hit its highest level since Nov. 1, 2023 during the day, CNBC reported. The 30-year treasury bond yield also gained 3 bps and was at 5.295%, according to the report. Treasury Secretary Scott Bessent said the department will buy back up to $6 billion in long-term debt. Yields on long-term bonds were also up as investors expected the buyback to be $7 billion or $8 billion, Peter Boockvar of the Boock Report told CNBC.     

 

"Fears of rising interest rates coupled with escalating crude oil prices is never a great combination for the stock market," JJ Kinahan, senior vice president at Cboe Global Markets, told CNBC. "We're seeing that in today's early trading as investors move into defensive mode." 

 

Wednesday, all three major indices closed lower for the third consecutive day. The Nasdaq Composite closed 0.6% lower, while the broader S&P 500 index ended 0.5% down. Shares of Caterpillar and Nvidia Corp. ended nearly 1% lower each. Shares of Apple fell nearly 2?ter its latest product launch, but recovered and closed marginally lower. 

 

Following are the closing levels of key indices in the region: 

 

Index	Level	Change in %
Dow Jones Industrial Average	52380.66	(-)0.8
NASDAQ Composite	26253.34	(-)0.6
S&P 500	7636.36	(-)0.5

 

(Vidhi Thacker)

 

US$1 = INR 95.15

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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